All Rights Reserved Finance News 2020.
Bata plans to add 100 stores in FY21 amid Covid-19 outbreak
Kolkata: Footwear major Bata The indian subcontinent is planning to available around 100 outlets in this financial year despite the COVID-19 outbreak, an official said in Wednesday.
The shoemaker, which often currently has around a single,500 stores across The indian subcontinent, plans to add 500 outlets by 2023 to strengthen its network in semi-urban and rural trading markets, he said.
“We is going to open around 100 stores this year and 80 percent of these outlets will be opened up through a franchise model in tier-II and tier-III towns,” Bata India leader Ashwani Windlass told PTI over the phone.
The system expansion will be executed typically in the rural areas where financial performance has been comparatively greater than in urban areas during the present COVID-19 crisis, another firm official said.
The boots major has taken a new gumption — Bata Store-on-Wheels — to reach out to it has the customers in urban areas.
Bata India CEO Sandeep Kataria said this new channel makes it possible for customers to shop from their doorsteps.
The non permanent stores are set up most importantly residential complexes and condo properties, he said, adding this initiative offers a convenient buying experience to customers, specifically children and elderly do you know movement has been restricted owing to the pandemic.
Windlass said the footwear supplier has taken several digital marketing and advertising initiatives and he hopes that this share of e-commerce product sales will double by this financial.
The share of on the net sales, through its own webpage and third-party e-tailers, is usually estimated at around 5 to six per cent, based to Bata officials.
Bata India is expanding it has the e-commerce footprint by ramping up its presence in online marketplaces, allowing supply in over 1,300 cities and rolling outside home delivery from much more than 900 stores.
The shoemaker has rolled out an option due to the customers to shop from the safety of their homes via WhatsApp chats with employees in their neighbourhood stores, this officials added.